Marketplace
Own a fraction
Explore fractional real-world assets on Cardano. Each offering has its own price, fees and exit rules.
ADA-first
Explore fractions Project-specific terms. Demo rows are not offerings.
Real-World Assets • Powered by Cardano
Real assets.More accessible ownership.
Explore the technology bringing fractional participation, transparent records and real-world investment opportunities closer together.
Testnet preview on Cardano Preprod — no real money
Illustrative ownership record
Example only- Asset type
- Rooftop solar
- Network
- Cardano Preprod
- Record
- Native token · transferable
- Verification
- Evidence linked per asset
Network
Cardano Preprod (test network)
Explorer
Every transaction on Cardanoscan
Independent audit
Not yet completed
Status
Preview — no live offerings
Asset classes
Real-world assets, explained plainly.
Other approved categories may follow. Nothing below is a live offering.
Planned — subject to legal approval
Property
Fractional residential property in Australia and Southeast Asia.
Learn more
Demo projects on testnet
Renewable energy
Rooftop and community solar that produces measurable output.
Learn more
Demo projects on testnet
Agriculture & productive businesses
Farms and estates with reported harvests and income.
Learn moreHow Stellaris works
Five steps, with the rules in view.
- 1
Discover
Browse opportunities and planned asset classes.
- 2
Review
Read the asset, risks, fees and exit terms.
- 3
Get eligible
Complete onboarding and any eligibility checks — a wallet alone is not enough.
- 4
Participate
Use supported Cardano infrastructure when a valid offering is open.
- 5
Follow
Track holdings, transactions and reporting in your portfolio.
The marketplace
Real assets, with the rules on show.
Explore the project registry. Demo entries are clearly marked and cannot be invested in.
Why blockchain matters
A shared record anyone can check.
Important: a blockchain record does not by itself guarantee legal ownership of the underlying asset, its valuation, its performance or legal enforceability. Those depend on the legal structure and evidence behind each asset.
Traceable history
Every transfer is recorded publicly and can be checked by anyone.
Programmable rules
Fees, caps and exits can be enforced by the contract itself.
Leaner administration
Registers and distributions could run with fewer manual steps.
Digital ownership records
Your fractions are native tokens you hold in your own wallet.
The Stellaris model
Different ways to participate. Clear distinctions.
Own project fractions, explore a dollar-referenced token, or share in reserve yield. They are different products, with different risks.
TSRA
Tessera
Dollar-referenced token, 1 TSRA = 1 USD, backed by reserves published on the transparency page. Does not earn yield. Redeemed through a daily redemption queue.
Non-yielding base token
Explore the reserves Reserve model preview, not a live reserve attestation.
Illustrative preview
Stake TSRA
Staked TSRA. Earns a share of the reserve portfolio's yield, credited gradually over 7 days. Rates are variable and can fall.
Flexible · 7 days
4.5% target
Locked · 30 days
5.6% target
Variable, not guaranteed. Flexible token; locked Position.
Compare staking tiersTransparency, by design
See what sits
behind the token.
Four reserve sleeves. Published target bands. A first-loss reserve designed to absorb losses before stakers — not a guarantee against loss.
The protocol pays before stakers
In the intended loss order, originator collateral comes first, then the protocol first-loss reserve, the overcollateral buffer, stakers and finally TSRA holders.
Reserve allocation
Testnet preview — illustrative dataLiquid64%
Target band 60–70% · Cash + tokenised T-bill money-market funds
Short investment grade6%
Target band 0–10% · Short-dated investment-grade bonds
Multi-originator credit23%
Target band 20–30% · Diversified private credit from vetted originators
Marketplace RWAs7%
Target band 5–10% · Fractional real-world assets from the Stellaris marketplace
First-loss reserve
2.6% / 3% target
Overcollateralisation
104.2%
Target 102–105%
Transparency & evidence
Every claim comes with a source.
Network details
Live Preprod connection health
Smart contract records
Contracts, versions and pinned hashes
Audit status
Internal review done; independent audit pending
Reserve methodology
Sleeves, targets and loss order (illustrative)
Asset verification
Issuer checks and evidence per project
Terms & risks
What you agree to and what can go wrong
For asset owners & issuers
Bring your real-world assets into a new digital marketplace.
Submit an asset with evidence, go through review and governance, and report against it on chain. Listing does not guarantee funding or investor demand.
A few important answers
Clarity comes first.
Not investment advice. Not a promise of returns.
Security & controlsStellaris runs on Cardano Preprod. Test funds have no real monetary value. Demo projects are illustrative and cannot be invested in. The staking and reserve figures are previews, not live balances.
Explore Stellaris
Explore what the future of real-world ownership could look like.
Browse the testnet experience. No real money required.